Direxion Daily Gold Miners Index Bull 2X SharesNUGT
NUGT
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
107% more call options, than puts
Call options by funds: $104M | Put options by funds: $50M
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
21% more capital invested
Capital invested by funds: $33.6M [Q2] → $40.6M (+$6.96M) [Q3]
9% more funds holding
Funds holding: 33 [Q2] → 36 (+3) [Q3]
0.85% more ownership
Funds ownership: 6.28% [Q2] → 7.13% (+0.85%) [Q3]
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Research analyst outlook
We haven’t received any recent analyst ratings for NUGT.
Financial journalist opinion
Based on 3 articles about NUGT published over the past 30 days
Positive
Seeking Alpha
2 weeks ago
An Update On NUGT: The Leveraged Senior Gold Mining ETF
I recommend a dynamic approach to Direxion Daily Gold Miners Index Bull 2X Shares ETF, using price and time stops to manage risks and reestablishing positions at higher or lower prices. Gold futures and the NUGT ETF have significantly risen since November 2023, with NUGT outperforming gold in short-term rallies but requiring careful risk management. NUGT magnifies GDX's performance, offering higher gains during gold rallies but greater losses when gold declines, making it a highly volatile trading tool.
Positive
ETF Trends
2 weeks ago
This Bearish Miners ETF Jumps 13% on Gold's Weakness
Gold's rise to a 30% year-to-date gain may not have been easily predicted ahead of 2024. But at some point, it will dip.
Neutral
ETF Trends
3 weeks ago
Top Performing Leveraged/Inverse ETFs: 11/24/2024
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Positive
ETF Trends
2 months ago
Rising M&A Activity Highlights Strength in Gold Miners
Gold prices continue to push past $2,600 an ounce, giving it more than a 27% gain for the year. In turn, more gold miners are looking to shore up their operations.
Negative
ETF Trends
3 months ago
Direxion's Ed Egilinsky Talks Small-Caps, Growth & More
Following market uncertainty in August, investors may feel compelled to reassess their portfolio allocations. With potential rate cuts from the Federal Reserve on the horizon, now may be a good time to diversify your portfolio and seek growth strategies.
Neutral
Seeking Alpha
4 months ago
NUGT: Expect Gold Rally To Continue After The Fed Cut
NUGT is a leveraged ETF that aims to provide investors with a 2x return on gold miner stocks, but its leverage on gold price is much higher. The outlook for the gold price is bright, driven by rate cuts and fund rotation, as well as weaker outlook for other commodities. The ETF is highly volatile and not suitable for long-term investments due to its daily rebalancing and compounding effects.
Positive
Zacks Investment Research
4 months ago
5 Bullish ETF Ways to Play Gold Strength
The yellow metal hit a new all-time high of $2,521.00 per ounce driven by a weak dollar and safe-haven demand, with many analysts expecting more upside in the months ahead.
Positive
ETF Trends
4 months ago
Fading Recession Fears Could Prop Up Gold Miners
Recession fears have been leading to increased volatility, especially in the major stock market indexes as of late. However, as economic data starts to quell those fears, it can also help gold prices.
Neutral
ETF Trends
5 months ago
NUGT & DUST: Prospecting Precious Metal Miners
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Neutral
ETF Trends
6 months ago
Upside or Downside, There Are Opportunities in Gold Miners
Gold prices are up 13% for the year, but different market experts are forecasting varying scenarios for the precious metal moving forward. Nonetheless, whether prices head up or down and regardless of how it effects miners, traders can play the moves with leveraged exchange traded funds (ETFs).
Charts implemented using Lightweight Charts™